NZD/USD chart - Trading View
NZD/USD was trading 0.23% lower on the day at 0.7041 at around 07:00 GMT.
The pair is struggling at 110-EMA resistance, further upside only on decisive break above.
Kiwi bulls largely unimpressed despite upbeat China's Caixin services PMI for March which showed a solid increase in services activity.
China's March Caixin services PMI printed at 54.3 beating expectations at 51.7 and compared to 51.5 in the prior month.
The Composite Output Index also edged higher from 51.7 in February to 53.1 in March. A sub-index for employment also rose back into positive territory.
Technical analysis for the pair shows upside bias in the near-term. Stochs are on verge of rollover from oversold levels.
5-DMA has turned and MACD is on verge of bullish crossover on signal line. Decisive break above 110-EMA will raise scope for further upside.
